China Gives Green Light to 7 New Free-Trade Zones

(Beijing) — China plans to set up seven new free trade zones, mostly in inland regions, to attract foreign investment amid the national economic slowdown.

Commerce Minister Gao Hucheng told Xinhua News Agency on Aug. 31 that the government has given the go-ahead for pilot FTZs in six provinces and one municipality: Liaoning, in the northeast; Shaanxi, in the northwest; Zhejiang, in the east; Henan and Hubei, in central China; and Sichuan and the city of Chongqing in the southwest.